defered revenue expenditure
This query is : Resolved
19 September 2009
pl clearify the following in respect of defered revenue expenditure:
1 definition of defered revenue expenditure under income tax act and companies act.
2 accounting standard applicable for defered revenue expenditure and treatment as per accounting standard
3 how to calculate the defered revenue expenditure
4 treatment of defered revenue expenditure in balance sheet
5 treatment of defered revenue expenditure in computation of income.
pl treat it most urgent.
thanks in advance.
regards
1 definition of defered revenue expenditure under income tax act and companies act.
2 accounting standard applicable for defered revenue expenditure and treatment as per accounting standard
3 how to calculate the defered revenue expenditure
4 treatment of defered revenue expenditure in balance sheet
5 treatment of defered revenue expenditure in computation of income.
pl treat it most urgent.
thanks in advance.
regards
19 September 2009
As per revised AS 26, no deferred revenue exp to be recognized except disc on issue of Debentures.
Only Intangible assets are to be recorded which will be amortized max period of 10 years.
Only Intangible assets are to be recorded which will be amortized max period of 10 years.
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